NatWest Group plc (NYSE:NWG) Short Interest Update

NatWest Group plc (NYSE:NWG) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 4,340,000 shares, a decline of 31.7% from the May 15th total of 6,350,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 5,390,000 shares, the short-interest ratio is presently 0.8 days.

Analyst Ratings Changes

NWG has been the subject of several research analyst reports. BNP Paribas lowered NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. Peel Hunt cut NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of NatWest Group in a research report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

NatWest Group Stock Performance

Shares of NWG opened at $14.17 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $13.29 and its 200-day moving average price is $11.77. NatWest Group has a 52 week low of $7.90 and a 52 week high of $14.55. The stock has a market cap of $57.06 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.85 and a beta of 1.04.

NatWest Group (NYSE:NWG) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. The business had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $3.80 billion. Equities research analysts anticipate that NatWest Group will post 1.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NatWest Group

A number of hedge funds have recently added to or reduced their stakes in NWG. Bessemer Group Inc. raised its stake in NatWest Group by 374.5% during the 1st quarter. Bessemer Group Inc. now owns 2,102 shares of the company’s stock valued at $25,000 after buying an additional 1,659 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of NatWest Group in the 4th quarter worth $27,000. First Horizon Advisors Inc. increased its stake in shares of NatWest Group by 161.4% in the 4th quarter. First Horizon Advisors Inc. now owns 2,894 shares of the company’s stock worth $29,000 after purchasing an additional 1,787 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of NatWest Group in the 1st quarter worth $29,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in NatWest Group in the 1st quarter worth $30,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.